las vegas: Bellacere & Canyon Fairways, Las Vegas. March 2010 Market Update - 04/21/10 05:10 AM
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las vegas: Queensridge & The Palisades, Las Vegas March 2010 Market Update - 04/21/10 05:06 AM
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las vegas: Las Vegas Area Real Estate Market Seller Concession Stand October 2009 - 12/07/09 02:03 AM
 

Here is what buyers received in seller paid concessions on September 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
Less than $500:  63% ($500 only buys you a home warranty or (no and) an appraisal Between $501-4000:  17% Over $4001:  20% This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!
Last Month's Concession Stand


  
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 © 2009 Renee Burrows Las Vegas Real Estate Market Report Blog

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las vegas: Las Vegas, NV Area October 2009 High Rise Inventory Update - 12/07/09 02:00 AM
 


Las Vegas High Rise Rentals:
252 Listed 11/15/2009 13 Under Contract 11/15/2009 43 Leased October 2009  5.9 Months Inventory








Las Vegas High Rise Resales:
673 Listed 11/15/2009 209 Under Contract 11/15/2009 65 Closed October 2009 10.4 Months Inventory  This Market is extremely volatile due to the boutique nature and lack of financing.    Read last month's report here.
This report is compiled by using data from the GLVAR MLS. Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and  "HIGHRIS,LOFTLIV,PENTHSE" equals any for building description.  12/3/2009 NOTE:  The high rise portion of the RESIDENTIAL field … (0 comments)

las vegas: Economic Conditions for the Las Vegas Valley November 2009 - 12/02/09 09:30 AM
 
Economic Conditions for the Las Vegas Valley October 2009

 Housing Conditions:
Foreclosure/Short Sale Listings (11/15/2009): Total Listings 10393; Short Sales: 4475, 43% of all listings; Bank Owned Listings: 2243, 22% of all listings. Short sale and REO listings consume 65% of total listings New Home Sales (October 2009, units sold): 441 Year Change -44.7% (excl condo conversions, highrises) New Home Sales (October 2009, median price): $205,000 Year Change -16.0% (excl condo conversions, highrises) Existing Home Sales (October 2009, units sold): 4328 Year Change +35.5% Existing Home Sales (October 2009, median price): $125,000 Year Change: -30.6% New Home Permits (September 2009): 396 Year Change … (1 comments)

las vegas: Mountain's Edge October 2009 Real Estate Resale Market Report (Homes For Sale/Pending/Sold) - 11/30/09 05:13 AM
 


Mountain's Edge October 2009 Real Estate Resale Market Report:
Listings (11/15/2009):  177 Under Contract (11/15/2009):  360 Sold October 2009:  78 Month's Inventory:  2.3 Since Last Month:  Listings are UP +18, Pendings are UP +3, Sales are DOWN -6
Last Month's Mountain's Edge Real Estate Market Report
Mountain's Edge is a newer community so many of the listings are short sales or bank owned.



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 © 2009 Renee Burrows Las Vegas Real Estate Market Report Blog

Search Las Vegas Homes For Sale and Rental Homes Right Here!



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las vegas: Nevada Trails October 2009 Real Estate Resale Market Report (Homes For Sale, Pending, Sold) - 11/29/09 05:35 AM
 




Nevada Trails October 2009 Real Estate Resale Market Report (Homes For Sale, Pending, Sold):
Listings (11/15/2009):  23 Under Contract (11/15/2009):  46 Sold October 2009:  13 Month's Inventory:  1.8 Since Last Month:  Listings are UP +3, Pendings are DOWN -4, Closes are DOWN -2
Last Month's Nevada Trails Market Report
Click here for More Information on Nevada Trails Living.




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 © 2009 Renee Burrows Las Vegas Real Estate Market Report Blog

Search Las Vegas Homes For Sale and Rental Homes Right Here!



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las vegas: Las Vegas, NV Area October 2009 Pendings Report: Pendings DROP (slightly), FINALLY! - 11/29/09 05:17 AM
 


The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for October 2009 is a seller's market @ 2.1 months of inventory (dropfrom last month, seeing some micros inch up with inventory!)  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!
We are FINALLY seeing an increase with inventory and a decrease with escrows (we should have seen that late spring/early summer!)  Good news for buyers?  Still remains to be seen.  We need to get over 10000 active units on … (0 comments)

las vegas: Oh No! Not Another "Tax Credit Has Been Extended and Expanded" (for Las Vegas Real Estate) Blog Post!!! - 11/19/09 08:01 AM
 
I made over 200 comments on blog posts this past weekend and there sure are a lot of these posts out here!  I am shouting it from the rooftops - NOT TO WAIT THIS TIME.  With the expiration of the last one looming to be in contract on Nov 1 and closed by Nov 30, 2009.............there was a LOT OF LAST MINUTE buying fury and anxiety.
Here's the good news:  Listings have gone up around 200 units.
Here's the bad news:  We still only have 2.4 months of inventory = Seller's market = inventory is super slim pickins.  6 months … (0 comments)

las vegas: Las Vegas, NV Area Short Sale October 2009 Inventory Update - 11/16/09 03:24 AM
 

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement.  Absorption is moving to the stable market territory at only 6.5 months of inventory.  Solds have FINALLY gone from hovering the 200 unit mark and went over the 500 mark.  I see improvement in this sector! Inventory has decreased  (-116 units).  Pending units have increased by +179 units.    Solds have increased by +96 units. 
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 11/15/2009: 4475 Pending 11/15/2009: 8738 Closed October 2009: 688 Month's Inventory: 6.5 Short Sales Currently Account for:
43% of All Las Vegas Valley Listings 16% of … (0 comments)

las vegas: Light Up the Heart of a Child - 11/10/09 03:31 AM

This lovely holiday stroll takes place Wednesday, November 11, from 6-9 p.m. at the award-winning Gift of Lights at Sunset Park. It's a fun, family event featuring holiday carols, complimentary treats, hot cocoa, blood pressure checks, gift bags, and yes, the man himself...Santa! Tickets are available for presale at Children's Heart Foundation for the inclusive cost of $10 per person in advance and $15 day of event. Children 2 and younger are free, strollers and pets on a leash are welcome. This is the only night pedestrian access is allowed at the breathtaking Gift of Lights! My fiance and I will … (0 comments)

las vegas: Rhodes Ranch Area Active Listings/Sold/Rental & Resale Real Estate September 2009 Market Report - 11/05/09 05:38 AM
 




Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold):
Active Listings (10/15/2009): 194 Under Contract (10/15/2009): 412 Sold September 2009:  99 Months Inventory: 2.0







Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased)
Active Listings (10/15/2009): 115 Under Contract (10/15/2009): 26 Leased September 2009:  53 Months Inventory:  2.2





How to read my market reports (definitions and terms!)
Last Month's Market Report

Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch (Independence), Canyon Trail, Huntington, Liberty @ Warm Springs, Maplewood, Rhodes Ranch, … (0 comments)

las vegas: Las Vegas Condo For Sale *NEAR STRIP*! - 10/26/09 07:48 AM
 
Condo Near Las Vegas Strip!Location: Meridian at Hughes Center1 Bedroom Condo For Sale Near Las Vegas Strip! Community Amenities Galore! View Community Virtual Tour: http://www.realestateshows.com/443397FeaturesBedrooms: 1Bathrooms: 1Year Built: 1992Subdivision: Meridian at Hughes CenterLocated on Floor #: 3Floors in Bldg: 5School District: CCSDSquare Footage: 727Agent Name: Renee BurrowsBroker: Encore Realty GroupMLS #: 985668InformationContact InformationRenee Burrows702-966-2494Contact Reply FormForward to a FriendView Other FlyersPricingPrice: $65,000Additional Pricing Information: Short Sale, Price & Terms Subject to Third Party Lienholder ApprovalHomeowner Dues: 350Property Location230 E Flamingo 316Las Vegas, NV 89169View MapAttributesAppliancesRange/OvenDishwasherSink DisposalMicrowaveBuilding AmenitiesFenced YardSwimming PoolHot TubGuest ParkingBasketball CourtExercise RoomRecreation CenterPowered by vFlyer.com EQUAL HOUSING OPPORTUNITYVFLYER ID: … (0 comments)

las vegas: Las Vegas, NV Area Short Sale September 2009 Inventory Update - 10/19/09 04:16 AM
 

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement.  Absorption is moving to the stable market territory at only 7.8 months of inventory.  Solds have FINALLY gone from hovering the 200 unit mark and went over the 500 mark.  I see improvement in this sector! Inventory has decreased  (-127 units).  Pending units have increased by +539 units.    Solds have increased by +101 units.  Absorption down by 1.8 months
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 10/15/2009: 4591 Pending 10/15/2009: 8559 Closed September 2009: 592 Month's Inventory: 7.8 Short Sales Currently Account for:
44% of All Las Vegas Valley … (0 comments)

las vegas: Summerlin Pool Home For Sale! - 10/19/09 03:48 AM
 
Summerlin Pool HomeLocation: Canyon Oaks (Summerlin)Spiral Staircase, Built in Murphy Bed in Secondary Room, Tile Floors, Two Tone Paint, Granite Countertops, Plantation Shutters, Intercom, Surround Sound, 3 (count em, THREE!) Fireplaces. Private Backyard Oasis Features: Pool, Spa, mature Landscaping and Built In BBQ. For more pictures/virtual tour go to: www.ReneeBurrows.com/2020InformationContact Information Renee Burrows702-966-2494Contact Reply FormForward to a FriendView Other FlyersPricingPrice: $376,000.00Additional Pricing Information: Short Sale, price and terms subject to third party lienholder approvalProperty Location2020 Aspen OakLas Vegas, NV 89148View MapLinksMore Info on This HomeFeaturesBedrooms: 4Bathrooms: 3Year Built: 1998Subdivision: Canyon Oaks (Summerlin)Lot Size: 6904Garage Size: 3School District: CCSDSquare Footage: 3176Agent … (1 comments)

las vegas: Las Vegas, NV Area August 2009 Pendings Report: Pendings STILL Marching Upward - 10/16/09 05:05 AM
 


The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for August 2009 is a seller's market @ 2.5 months of inventory (dropfrom last month, seeing some micros inch up with inventory!)  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm! 
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (10/15/2009):  10371 Under Contract (10/15/2009):  15034 Sold September 2009:  4168 Month's Inventory:  2.8 Short Sales:
44% of Listings 14% of Sales REO (Foreclosures, Bank Owned:)
21% of Listings 69% of … (0 comments)

las vegas: Las Vegas, NV Area September 2009 High Rise Inventory Update - 10/09/09 01:07 PM
 

Las Vegas High Rise Rentals:
264 Listed 10/9/2009 13 Under Contract 10/9/2009 58 Leased September 2009  4.6 Months Inventory







Las Vegas High Rise Resales:
622 Listed 10/9/2009 135 Under Contract 10/9/2009 50 Closed September 2009 12.4 Months Inventory  This Market is extremely volatile due to the boutique nature and lack of financing.    Read last month's report here.
This report is compiled by using data from the GLVAR MLS. Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and  "HIGHRIS,LOFTLIV,PENTHSE" equals any for building description.  Information is deemed reliable but not guaranteed.
Read the most current market report … (0 comments)

las vegas: Las Vegas, NV Area August 2009 High Rise Inventory Update - 10/09/09 12:55 PM
 

Las Vegas High Rise Rentals:
247 Listed 9/15/2009 19 Under Contract 9/15/2009 36 Leased August 2009  6.9 Months Inventory






Las Vegas High Rise Resales:
626 Listed 9/15/2009 87 Under Contract 9/15/2009 59 Closed August 2009 10.6 Months Inventory  significant improvement over last several months! This Market is extremely volatile due to the boutique nature and lack of financing.    Read last month's report here.
This report is compiled by using data from the GLVAR MLS. Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and  "HIGHRIS,LOFTLIV,PENTHSE" equals any for building description.  Information is deemed reliable but not guaranteed.
Read the … (0 comments)

las vegas: Rhodes Ranch Area Active Listings/Sold/Rental & Resale Real Estate August 2009 Market Report - 10/09/09 12:50 PM
 



Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold):
Active Listings (9/15/2009): 177 Under Contract (9/15/2009): 419 Sold August 2009:  96 Months Inventory: 1.8






Rhodes Ranch Area Rental Market Report (homes for rent, contingent, leased)
Active Listings (8/15/2009): 133 Under Contract (8/15/2009): 21 Leased July 2009:  50 Months Inventory:  2.7



How to read my market reports (definitions and terms!)
Last Month's Market Report

Includes: Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch (Independence), Canyon Trail, Huntington, Liberty @ Warm Springs, Maplewood, Rhodes Ranch, Richmond@ Rhodes Ranch, Sierra … (0 comments)

las vegas: Las Vegas, NV Area August 2009 Pendings Report: Inventory Still Going Down, Pendings Still Going UP! - 09/18/09 11:33 AM
 


The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for August 2009 is a seller's market @ 2.8 months of inventory (slight rise from last month, seeing some micros inch up with inventory!)  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm! 
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (9/15/2009):  11018 (FOLKS THIS NUMBER DROPPED BELOW 11000 SINCE I PULLED STATS!)  Under Contract (9/15/2009):  14577 Sold August 2009:  3992 Month's Inventory:  2.8 Short Sales:
43% of Listings … (0 comments)

 
Kimberly Dearth (RE/MAX CENTRAL)

Kimberly Dearth

North Las Vegas, NV

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RE/MAX CENTRAL

Address: 10220 W. Charleston Blvd. #3, Las Vegas, NV, 89135

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